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Baldwin Oak LLC Acquires Office Building At 1925 Prospect Avenue In Orlando For $5.9M

Property Image
SOLD
$5,900,000

Florida

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Office206,040 SF
Sold 08/18/2020
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Property Image
SOLD

Baldwin Oak LLC Acquires Office Building At 1925 Prospect Avenue In Orlando For $5.9M

1925 Prospect Ave, Orlando, FL 32814, USA

See Similar Deals
Office206,040 SF
Sold 08/18/2020
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$28
Total Square Footage:206,040 SF
Transaction Type:Sale

The office property located at 1925 Prospect Avenue in Orlando has been sold in a closed transaction. The property spans 20,604 square feet and was sold for a price of $5,900,000, resulting in a price per square foot of $286. The seller of the property was CDLP Properties LLC, while the buyer was Baldwin Oak LLC.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,900,000
  • Square Footage: 20,604
  • Price per Square Foot: $286
  • Seller: CDLP Properties LLC
  • Buyer: Baldwin Oak LLC
  • Broker: Darryl HoffmanJLL

Darryl Hoffman of JLL represented the buyer, Baldwin Oak LLC, in this transaction.

Players

Darryl Hoffman
3 deals$10.9M volume(140) 798-2858
BROKER

Details

SOLD
IMAGE: Darryl Hoffman⁠ DATE: 08/18/2020⁠ ADDRESS: 1925 Prospect Avenue⁠ MARKET: Orlando⁠ ASSET TYPE: Office⁠ PRICE: $5,900,000⁠ SF: 20,604⁠ PPSF: $286⁠ SELLER: CDLP Properties LLC⁠ BUYER: Baldwin Oak LLC⁠ BROKER: Darryl Hoffman – JLL⁠

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
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